Hbk Investments L P Lowers stake in Vista Outdoor Inc (VSTO)

Vista Outdoor Inc (VSTO) : Hbk Investments L P reduced its stake in Vista Outdoor Inc by 23.08% during the most recent quarter end. The investment management company now holds a total of 1,050,000 shares of Vista Outdoor Inc which is valued at $44,058,000 after selling 315,000 shares in Vista Outdoor Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Vista Outdoor Inc makes up approximately 0.90% of Hbk Investments L P’s portfolio.

Other Hedge Funds, Including , Ahl Partners Llp added VSTO to its portfolio by purchasing 6,583 company shares during the most recent quarter which is valued at $276,223. Vista Outdoor Inc makes up approx 0.02% of Ahl Partners Llp’s portfolio. Stevens Capital Management Lp added VSTO to its portfolio by purchasing 10,483 company shares during the most recent quarter which is valued at $439,867. Vista Outdoor Inc makes up approx 0.02% of Stevens Capital Management Lp’s portfolio. Pacad Investment Ltd. added VSTO to its portfolio by purchasing 12,900 company shares during the most recent quarter which is valued at $541,284. Vista Outdoor Inc makes up approx 0.07% of Pacad Investment Ltd.’s portfolio.Oppenheimer Co Inc reduced its stake in VSTO by selling 700 shares or 5.88% in the most recent quarter. The Hedge Fund company now holds 11,200 shares of VSTO which is valued at $478,800. Vista Outdoor Inc makes up approx 0.01% of Oppenheimer Co Inc’s portfolio.

Vista Outdoor Inc opened for trading at $40.07 and hit $40.07 on the upside on Thursday, eventually ending the session at $39.85, with a gain of 0.08% or 0.03 points. The heightened volatility saw the trading volume jump to 3,16,987 shares. Company has a market cap of $2,404 M.

On the company’s financial health, Vista Outdoor Inc reported $0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.21 based on the information available during the earnings call on Aug 11, 2016. Analyst had a consensus of $0.69. The company had revenue of $630.27 million for the quarter, compared to analysts expectations of $674.68 million. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Vista Outdoor Inc. Vista Outdoor Inc was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Aug 30, 2016. Vista Outdoor Inc was Downgraded by Monness Crespi & Hardt to ” Neutral” on Aug 12, 2016. Vista Outdoor Inc was Initiated by ROTH Capital to “Buy” on Jun 15, 2016.

Vista Outdoor Inc. is a designer manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates in two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment’s products include pistol rifle rimfire and shotshell ammunition and primers centerfire rifles rimfire rifles shotguns and range systems. Its Outdoor Products segment’s product lines include optics accessories and eyewear. It serves the outdoor sports and recreation markets through a diverse portfolio of over 30 brands that provide consumers with a range of products including sporting ammunition and firearms outdoor accessories outdoor sports optics golf rangefinders and performance eyewear. It serves a range of end consumers including outdoor enthusiasts hunters and recreational shooters athletes as well as law enforcement and military professionals. Its products are sold through a variety of mass specialty and independent retailers.

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